US: Lawmaker Calls for More Action from Congress on Regulating Crypto
Republican U.S. Congressman Bill Huizenga calls for more action in Congress on crypto regulation and empowering financial authorities Go to Source Powered by WPeMatico
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Crypto Markets Tumble as SEC Rejects Winklevoss Twins’ Second Bitcoin ETF Application
Cryptos have been hit with major losses across the board in response to the SEC’s rejection of the Winklevoss Bitcoin ETF application, and CME’s rejection of altcoin futures Go to Source Powered by WPeMatico
U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations
In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the … Read more
Major Crypto Assets See Solid Growth, Total Market Cap Holds Above $300 Billion
Crypto markets are seeing a healthy flush of green, with Bitcoin above $8,200 and total market cap holding above $300 billion Go to Source Powered by WPeMatico
U.S. CFTC Chair: We Need to Test Blockchain Because We Are ‘Four Years Behind’
During a July 25 Congressional hearing, the chairman of the CFTC outlined the need for a legal process for the agency to participate in blockchain project trials Go to Source Powered by WPeMatico
Operators of Fraudulent Bitcoin Firm Fined $1.9M by CFTC
Various firms related to Bitcoin and other cryptocurrencies have no honest intentions. This problem has plagued the industry for quite some time now. The CFTC recently scored a big victory in this regard, as The Entrepreneurs Headquarters Limited was forced to pay $1.9 million for its fraudulent Bitcoin and binary options offerings. CFTC Continues to … Read more
Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies … Read more
Crypto Presents a Challenge Beyond Hard and Fast Asset Classifications, Say Speakers at US House Committee Hearing
Witnesses at the a hearing before the U.S. House of Agriculture Committee today argued that digital assets require an agile regulatory approach because of their mutability Go to Source Powered by WPeMatico
CFTC Warns ICO Speculators About Misleading Utility Tokens
Regulatory changes in the United States have put a spotlight on ICO tokens. On the one hand, there are the securities tokens, which need to be avoided. Utility tokens are a gray area for the time being. The CFTC has issued an official warning regarding utility tokens, as not all of these offerings may technically … Read more
New US Gov’t Task Force Highlights Digital Currency Fraud for ‘Particular Attention’
U.S. SEC among participants in new gov’t task force to digital currency fraud, among other types Go to Source Powered by WPeMatico
